EGRNF (China Evergrande Group) EBIT: $-7,241 Mil (TTM As of Jun. 2023)

What is China Evergrande Group EBIT?

China Evergrande Group EGRNF 12 EBIT is $-7,241 Mil as of Jun. 2023. GuruFocus rates EGRNF with a GF Score™ of 12/100.

China Evergrande Group's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2023 was $-2,644 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2023 was $-7,241 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. China Evergrande Group's annualized ROC % for the quarter that ended in Jun. 2023 was 0.09%. China Evergrande Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -52.71%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. China Evergrande Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2023 was -8.37%.

China Evergrande Group (OTCPK:EGRNF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

China Evergrande Group's annualized ROC % for the quarter that ended in Jun. 2023 is calculated as:

	ROC % (Q: Jun. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2022 )	+	Invested Capital (Q: Jun. 2023 ))	/ count )
=	199.96 * ( 1 - 0% )	/	( (212472.281	+	217371.046)	/ 2 )
=	199.96	/	214921.6635
=	0.09 %

where

	Invested Capital		(Q: Dec. 2022 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	263685.758	-	149860.005	-	( 3222.313	-	max(0, 337496.306	-	238849.778	+	3222.313	))
=	212472.281

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	243527.383	-	125732.119	-	( 1115.704	-	max(0, 319988.55	-	220412.768	+	1115.704	))
=	217371.046

Note: The Operating Income data used here is two times the semi-annual (Jun. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

China Evergrande Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Jun. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2022		Q: Jun. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5288.91	/	( ( (10233.085 + max(-17653.657, 0))	+	(9833.831 + max(-19377.776, 0)) )	/	2 )
=	-5288.91	/	( ( 10233.085	+	9833.831 )	/	2 )
=	-5288.91	/	10033.458
=	-52.71 %

where Working Capital is:

	Working Capital		(Q: Dec. 2022 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(32834.316	+	163032.833	+	39760.316)	-	(149860.005	+	0	+	103421.117)
=	-17653.657

	Working Capital		(Q: Jun. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(31408.663	+	151769.766	+	36118.635)	-	(125732.119	+	0	+	112942.721)
=	-19377.776

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

China Evergrande Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Jun. 2023 )
	=	-7241.038	/	86464.567
	=	-8.37 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Evergrande Group EBIT Related Terms

China Evergrande Group EBIT Historical Data

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The historical data trend for China Evergrande Group's EBIT can be seen below:

China Evergrande Group EBIT Chart

China Evergrande Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

EBIT

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19,576.25

13,072.70

12,310.95

-102,644.40

-11,272.57

China Evergrande Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
EBIT	Get a 7-Day Free Trial															-2,734.79	-99,885.70	-6,951.70	-4,596.58	-2,644.46

China Evergrande Group EBIT Competitor Comparison

For the Real Estate - Development subindustry, China Evergrande Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Evergrande Group EV-to-EBIT vs Real Estate Industry

For the Real Estate industry and Real Estate sector, China Evergrande Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China Evergrande Group's EV-to-EBIT falls into.

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China Evergrande Group EGRNF

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China Evergrande Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-7,241 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-7,241 Mil mean?

China Evergrande Group (EGRNF) has a EBIT of $-7,241 Mil as of Jun. 2023. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Evergrande Group.

Is China Evergrande Group's EBIT too high?

China Evergrande Group's current EBIT is $-7,241 Mil. Overall, China Evergrande Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does China Evergrande Group's EBIT compare to competitors?

China Evergrande Group's EBIT of $-7,241 Mil can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Real Estate company?

A good EBIT depends on the Real Estate industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on China Evergrande Group. China Evergrande Group's current EBIT is $-7,241 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is China Evergrande Group stock overvalued right now?

China Evergrande Group (EGRNF) has a current EBIT of $-7,241 Mil. The current EBIT is $-7,241 Mil. China Evergrande Group's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For China Evergrande Group (EGRNF), the current EBIT is $-7,241 Mil as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Evergrande Group Business Description

Industry Real Estate Real Estate

Comparable Companies HKSE:00026 HKSE:01813 HKSE:01176 HKSE:00480 HKSE:03377 HKSE:01238 HKSE:00813 HKSE:00884 HKSE:00194 HKSE:00088 HKSE:00016 HKSE:01109 HKSE:00688 HKSE:01113 TSE:1925 SHSE:600048 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979

Address Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620

Website https://www.evergrande.com

China Evergrande Group is engaged in the property development, property investment, property management, new energy vehicle business, cultural tourism business and health industry business principally in the People's Republic of China. The company is organized into four business segments: property development, property investment, property management and other businesses. Other businesses mainly include new energy vehicle business, cultural tourism business, health industry business and investment business.

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